SBI Q3 Net Rises 134%, Beats Streets Estimates

Friday, February 10, 2017, 7:02 PM

SBI, India’s biggest lender, reported net profit of INR 2,610 Crores for October to December quarter. This was because of lower provisions and surge in other incomes, because of treasury gains. This was better than street estimates. Analysts had estimated SBI’s net profit to be INR 2,510 Crores. SBI’s net profits got a big boost from other incomes, which surged nearly 60% in Q3.